AGIRLIKLI VE KAPSAMLI NAKIT DÖNÜSÜM SÜRESI: VARSAYIMSAL VERILER ÜZERINDEN BIR ÖRNEK HESAPLAMA

In this study, "cash conversion cycle" (CCC) calculation method is proposed. Conventional calculation of CCC assumes that the financial burden of each component of the cycle is equal, although they are not. Also, "received cash in advances" and "given cash in advances" are not included in the conventional calculation method which are directly related to firm's production and sales activities. Outstanding days of each component must be weighted by a ratio of the related component's financial burden to net sales. Besides, "received cash in advances" and "given cash in advances" must be included into the calculations. CCC can be calculated as a more realistic and inclusive way to resolve two fundamental shortcomings mentioned above by using proposed "weighted and inclusive CCC =wiCCC" calculation method. Thus, the firm's working capital requirements can be calculated more accurately. In this study, the details of calculation of "weighted and inclusive CCC" method that is proposed to correct the deficiencies of the conventional method are explained through a hypothetical example.